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Fly News Breaks for April 17, 2015
SHW
Apr 17, 2015 | 07:37 EDT
After Sherwin-Williams reported lower than expected Q1 EPS but provided higher than expected Q2 EPS guidance, RBC Capital expects the company's growth to accelerate in Q2 and Q3. The firm notes that the company expects to benefit from raw material cost declines going forward, and it recommends buying the stock on any weakness.
News For SHW From the Last 2 Days
SHW
Apr 24, 2024 | 09:25 EDT
BMO Capital lowered the firm's price target on Sherwin-Williams to $377 from $385 but keeps an Outperform rating on the shares. The company's Q1 results disappointed, as weather and customer project delays in the seasonally light Q1 more than offset early share gains tied to competitor issues, but its expected market share gains should amplify results in 2025/26 when housing improves with eventual interest rate cuts, the analyst tells investors in a research note.
SHW
Apr 24, 2024 | 06:47 EDT
Baird analyst Ghansham Panjabi raised the firm's price target on Sherwin-Williams to $310 from $300 and keeps a Neutral rating on the shares. The firm said in their opinion, current end-market weakness is a function of the lagged impact of previous increases in interest rates, noting that while raw material cost deflation was a partial offset, the recent up-tick in upstream input costs points toward a peak margin backdrop for Sherwin-Williams and peers.
SHW
Apr 23, 2024 | 09:04 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
SHW
Apr 23, 2024 | 07:05 EDT
Sees FY24 revenue growth up in low to mid-single digits, consensus $23.78B.